Oman Budget 2018 puts economy on right track

9.      A positive growth rate for the Omani economy by at least three percent is expected in 2018, driven by the recovery of oil prices recovered, economic diversification efforts and the changing investment environment.

10.  The statement explained that the Government attaches great importance to training young Omanis job seekers and a National Training Fund was established and approximately RO62 million to cover the cost of training programmes with training methodology for employment.

11.   The government will provide the necessary financial allocations to cover fuel subsidies due to eligible citizens and support needed to develop and strengthen the role of small and medium enterprises.

12.  The allocation of salaries and entitlements of employees was estimated at RO3.3 billion, including the periodic bonuses. The financial allocations for disbursement of development projects were estimated at RO1.2 billion to ensure work progress and completion of all projects under implementation without any delay or delay.

13.  The Finance Ministry that procedures for implementing the decision of the Council of Ministers to provide 25,000 jobs in the private and government sectors are underway. 4,800 jobs have been provided until the end of 2017.